Formal and informal traders are now rejecting the bond note which they say is fast losing value against the United States dollar, the most preferred currency in the country.
Informal traders in Harare, Matobo, Umzingwane district in Matabeleland South, Nkayi district in Matabeleland North and Mutare have stopped transacting in local currency.
In a snap survey carried out by NewsDay in Mbare yesterday, informal traders said they had ditched the local currency and those still accepting it were only taking higher denominations, the newly-introduced $10 and $20 notes.
We have since taken new measures not to accept bond notes or any form of buying in local currency,” Kazingizi said.
However, Reserve Bank of Zimbabwe governor John Mangudya in a statement yesterday said all local currency notes were still legal tender.
